Let's ride the bullish trend confirmed by multiple breakouts
Textron has pushed old highs since the summer, and some traders may see potential for further upside. The first pattern on today’s chart is the $74.81 level, the highest weekly close in the first half. Strong earnings drove the aerospace stock above that level in late July. It tested that price area each of the next four months, and kept closing above it. Has old...
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The PEAD projected a Neutral outlook for $TXT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
Bearish Fundamental - Funds distributing - Strong industry / not leader - Weak earning moving forward - Weak rs rating TA - Bearish momentum divergence - Price broke down trendline - Price broke down neckline - High volume node resistance
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price. Entry Price: $62.66 Target Price: $61.38 Stop Loss: $63.94
The PEAD projected a Neutral outlook for $TXT after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 60%.
OPEN Short position, a goal first 65 and next 60. Sing of weakness and re-test 70$, yesterday open first position
The upward correction has not taken place. Instead the downtrend has been confirmed and got new dynamics. In a first step I expect another test of yesterday's low.
We have opened a broad window after the holiday and fell a pretty stair down. The window is waiting to be closed within the next2 days or so. As the uptrend is intact we may rise further the as well.
TXT is looking good for a nice upward trend. Strong volume today and indicators all positive. Enjoy.
$TXT is back at it. Back in July, it put in a double bottom , broke out but didn't make much progress. It is now putting another base and looking very interesting. $74.40 (red dotted line) is ATHs from back in 2008. So this potentially could trigger a major new up cycle
$TXT is in the same industry as $RADA (Aerospace & Defense) also setting up a nice 2 months base. $70 is the level to watch but be aware that $73 -$74 area has been a major top for the stock twice before back in late 2007 and 2018
Set Ups for the week! $TLRY, $HFC, $JMIA,$MARA, $RIOT, $FDX, $SU, $MSFT, $FB, $ZM, $ROKU, $TWTR, $GE, $GM, $F, $BA, $AAL, $CCL, $CRM, $LOW, $HD, $TXT Providing my levels and my analysis for you guys to see! Hope You guys enjoy would like some feedback any further questions about the tickers comment bellow thank you!
The company is structured as a conglomerate and through its subsidiaries is active in the defense, aerospace and security sectors. Corporate demand is still down compared to the previous year, but leisure travel in small jets has more than offset the business travel decline. Military segments is more interesting, these units maintained profitability. Plus, demand...
Hey guys, TEXTRON is in a bullish movement with low buy volume and a bullish hammer candle. On the TIMEFRAME 1 Min we see a collapse of the price but it is to start on a last low precedent and return to its rise. It is plausible that it is heading for the next high and if the buyers are still in the game. We can go to the high point that comes after, which...